Help to buy - selling up

[Freddie15VES]

Hoping someone can shed some light!

I can’t for the life of me remember how this works

We took help to buy out on our property 4 years ago. As far as I remember we’ll have to start paying something back at the 5 year mark. We would like to move somewhere bigger anyway so looking at moving before this. My question is how do we work out how much we’ll pay back?

Numbers below -

House price £154,995
Help to buy loan - £38,748
House has been valued at £175,000

Do we just pay back the £38k?!

It does say here that the first 5 years are interest feee, so it would appear that you simply pay back the original amount.

hoa.org.uk/advice/guides-for-homeowners/i-am-buying/help-to-buy/#:~:text=The%20first%20five%20years%20of,the%20interest%20not%20the%20equity.

You need to have a HTB valuation. You pay back the same % of this. So if you sell for 175k and the HTB valuation comes back the same you’ll pay back £43750.

Yes that's how I understand it. The loan is interest free for 5 years but any increase in value is shared at the same percentage. It should have been called "help for developers to sell" really, not help to buy. Your fortunate though that there appears to be some increase in value for you to share in - that's not always the case.